Posts Tagged ‘coal’

TVA leaning more on gas and less on coal for fuel

by Published: October 9,2012

Tags: coal, energy, fuel, light, lighting, natural gas, power, utility

NORTH MISSISSIPPI — The Tennessee Valley Authority’s reliance on coal has dropped and the use of natural gas as fuel to generate electricity has increased. According to The Commercial Appeal, TVA’s use of gas climbed 70 percent in the fiscal year just ended. At the same time, coal-fired generation declined 30 percent from fiscal 2011. […] [...]

Governor introduces ‘energy roadmap’ at summit

JACKSON — Gov. Phil Bryant is renewing his focus on promoting energy-related development. Bryant unveiled an “energy roadmap” yesterday at the Mississippi Energy Summit, including promoting oil and gas production, finding ways to use the state’s available energy resources to attract more business, improving energy efficiency, expanding energy-focused research and training workers to take advantage […] [...]

Kemper plant headed back to court; gasifier installed

KEMPER COUNTY — Opponents will return to court tomorrow seeking to again invalidate state regulators’ decision to allow Mississippi Power Co. to build a $2.8 billion power plant in Kemper County. The Sierra Club and other opponents of the plant want Harrison County Chancellor Jim Persons to rule that the new permission granted by the […] [...]

Fitch gives Mississippi Power ‘negative’ outlook; cites Kemper costs

GULFPORT — Fitch Ratings has rated Mississippi Power Company’s (MPC) issuance of $200 million series 2012A 4.25% senior notes due March 15, 2042 as “A.” These notes are part of the same series of debt securities as the $250 million senior notes issued on March 9, 2012. These notes are senior, unsecured obligations of MPC. […] [...]

Could better interest rates, sales offset Kemper plant cost overruns?

KEMPER COUNTY — Lower interest rates and higher sales of byproducts could allow Mississippi Power Co. to make up for higher costs at the power plant it’s building in Kemper County. Officials say customers won’t have to pay more to cover the plant’s cost, which has risen from $2.4 billion to more than $2.8 billion. […] [...]

PSC could rule on Mississippi Power rate-hike request today

KEMPER COUNTY — A rate increase for Mississippi Power Co. customers could be approved today. The Mississippi Public Service Commission will consider a request by the company to raise rates by $58.6 million over the last six months of 20102. That money would start paying debt costs for the $2.76 billion coal-fired power plant the […] [...]

Mississippi Power’s Kemper plant running $366M over budget

KEMPER COUNTY — As the Mississippi Business Journal’s Clay Chandler reported last week, Mississippi Power Company has told regulators the power plant it is building in Kemper County is $366 million over budget. The overrun would push the total cost of the coal-fired power plant being built by the unit of Atlanta-based Southern Co. to […] [...]

Environmentalists back in court to fight Kemper coal plant

KEMPER COUNTY — Environmentalists have gone back to court with their continued opposition to construction of a coal power plant in east Mississippi. In the latest court filing in Harrison County Chancery Court, the Sierra Club of Mississippi wants the plant’s builder, Mississippi Power Co., to assume the risk of construction while the appeal proceeds. […] [...]

PSC gives new approval to controversial Kemper power plant

KEMPER COUNTY — The Mississippi Public Service Commission has given new approval for Mississippi Power Co.’s coal-fired power plant in Kemper County, pushing aside opponents call for a fresh look at the plant’s finances. The commission voted 2-1 to approve the $2.4 billion plant today. Southern District Commissioner Leonard Bentz and Central District Commissioner Lynn […] [...]

Kemper deadline met, PSC mull proposed orders

Last Monday was the deadline for parties to submit proposed final orders related to Mississippi Power Company’s lignite coal-fired generation plant in Kemper County. Joining longtime adversaries MPC and the Mississippi chapter of the Sierra Club was Florida-based Entegra Power Group, which markets electric power from natural gas-fueled plants to wholesale customers. In their submissions, […] [...]

« Previous Page Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments